China’s spot HRC prices plunge as confidence collapses

China’s spot hot rolled coil prices went into a freefall on Wednesday July 8, as renewed talk of economic crisis crushed sentiment.

Key drivers

A third consecutive day of major declines in the futures market pushed HRC prices off a cliff. With there being barely a shred of optimism left in the market amid the losses in the futures and stock markets, panicky sellers...


Della Fu

July 08, 2015

10:24 GMT